Dennis Nett / The Post-StandardRobert Raiti, president of Owl Cable & Wire, pictured in 2004 in the company's Canastota headquarters. The company received a $700,000 discount on its power bill from the New York Power Authority.

The company manufactures bare and copper wire for the telecom, computer, electronics, welding and mining industries. It spends millions of dollars a year on electricity, according to NYPA.

The discount, which began in February, comes through a program intended to help energy-intensive manufacturers who are at risk of closing or moving out of New York. In September, International Wire Group, with operations in Madison and Oneida counties, and Nucor Steel, in Auburn, received discounts through the Industrial Incentive Award program.

Owl Wire also receives cheaper power through the authority’s Power for Jobs and Energy Cost Savings Benefits programs. Both programs are due to expire next month.